Maithan Alloys Ltd. (MAITHANALL) AI Stock Analysis

• Market Cap: ₹32.40B
• Dividend Yield: 1.44%
• Average Volume (3M): 3.27K
• Price to Earnings (P/E): 4.6
• Beta (1Y): 1.28
• Revenue Growth: 21.34%
• EPS Growth: -4.84%
• Country: IN
• Employees: 521
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 184.17
• Shares Outstanding: 29,111,550
• 10 Day Avg. Volume: 4,263
• 30 Day Avg. Volume: 3,274
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,215.00
• Price Target Upside: 9.18% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 72 Outperform
• Price Target: ₹1,215.00 ▲(9.18% Upside)

Maithan Alloys Ltd. has a strong financial foundation with robust profitability and a solid balance sheet, contributing significantly to its overall score. The stock's valuation is attractive, with a low P/E ratio indicating potential undervaluation. However, technical analysis presents mixed signals, with some bearish momentum, which slightly offsets the positive financial and valuation aspects.

Maithan Alloys Ltd. Business Overview & Revenue Model

Company Description

Maithan Alloys Ltd. (MAITHANALL) is a leading Indian manufacturer and exporter of ferro alloys, which are crucial inputs for the steel industry. The company operates in the metals and mining sector, focusing on producing a variety of ferro alloys such as ferro manganese, silico manganese, and ferro silicon. These products enhance the strength and durability of steel, making them indispensable for steel manufacturers. Maithan Alloys has established a strong presence in both domestic and international markets, supplying its products to prominent steel producers across the globe.

How the Company Makes Money

Maithan Alloys Ltd. generates revenue primarily through the production and sale of ferro alloys, which are essential for steel manufacturing. The company's key revenue streams include domestic sales within India and export sales to international steel manufacturers. By leveraging its state-of-the-art production facilities and strategic location advantages, Maithan Alloys is able to maintain cost-efficiency and competitive pricing. Additionally, the company's long-term relationships with major steel producers facilitate steady demand for its products. Maithan Alloys also benefits from favorable industry conditions, such as increased steel production and infrastructure development, which drive the demand for ferro alloys.

Maithan Alloys Ltd. Financial Statement Overview

Summary

Maithan Alloys Ltd. exhibits strong financial health with notable strengths in profitability and a solid balance sheet characterized by low leverage and high equity. The income statement reflects strong revenue growth and profitability, though there are some operational efficiency concerns. While cash flow has improved, further enhancement in cash flow generation from operations is needed.

Income Statement

Maithan Alloys Ltd. shows a solid income statement with consistent revenue growth and strong profitability metrics. The gross profit margin improved from 17.96% to 21.22%, indicating efficient cost management. The net profit margin also increased from 20.19% to 34.89%, reflecting robust bottom-line growth. However, a notable decrease in EBIT margin from 15.56% to 8.48% may indicate some operational challenges. Overall, the company demonstrates strong revenue and profit growth, though operational efficiency could be improved.

Balance Sheet

The balance sheet of Maithan Alloys Ltd. is robust, with a strong equity position and low leverage. The debt-to-equity ratio is low at 0.16, showcasing minimal reliance on debt financing. The return on equity is impressive at 16.82%, indicating effective utilization of shareholders' funds. The equity ratio stands at 77.28%, highlighting a stable financial structure with a high proportion of assets financed by equity. The company maintains a healthy balance sheet with low financial risk.

Cash Flow

Cash flow analysis reveals some challenges, despite an improvement in free cash flow from negative to positive $196 million. The operating cash flow to net income ratio is low at 0.08, suggesting that cash generation from operations is not keeping pace with net income. The free cash flow to net income ratio is also modest at 0.03. While the positive shift in free cash flow is a positive trend, operational cash flow generation remains an area for improvement.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	18.04B	18.06B	17.29B	28.40B	29.17B	15.78B
Gross Profit	3.24B	3.83B	3.10B	9.28B	13.78B	3.97B
EBITDA	11.18B	8.97B	4.71B	6.61B	11.03B	3.18B
Net Income	8.33B	6.30B	3.49B	4.99B	8.18B	2.31B
Balance Sheet
Total Assets	0.00	48.49B	34.68B	31.40B	27.51B	18.98B
Cash, Cash Equivalents and Short-Term Investments	25.78B	20.39B	18.05B	19.68B	9.19B	8.17B
Total Debt	0.00	5.88B	302.10M	197.70M	52.00M	486.90M
Total Liabilities	-37.32B	10.94B	3.25B	3.35B	4.27B	3.77B
Stockholders Equity	37.32B	37.46B	31.42B	28.04B	23.23B	15.22B
Cash Flow
Free Cash Flow	0.00	196.00M	-4.80B	9.57B	1.20B	1.16B
Operating Cash Flow	0.00	497.70M	-4.11B	9.68B	2.37B	1.17B
Investing Cash Flow	0.00	-5.91B	3.71B	-9.62B	-1.05B	-7.61B
Financing Cash Flow	0.00	5.22B	-86.90M	-51.00M	-621.00M	370.80M

Maithan Alloys Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1112.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MAITHANALL, the sentiment is Positive. The current price of 1112.8 is below the 20-day moving average (MA) of 1119.20, above the 50-day MA of 1102.08, and above the 200-day MA of 1038.11, indicating a neutral trend. The MACD of 14.13 indicates Positive momentum. The RSI at 48.33 is Neutral, neither overbought nor oversold. The STOCH value of 31.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MAITHANALL.

Maithan Alloys Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KSL	73 Outperform	34.14B	12.85	13.55%	1.28%	2.03%	10.83%
MAITHANALL	72 Outperform	₹32.40B	4.56	―	1.44%	21.34%	-4.84%
IMFA	68 Neutral	60.66B	16.95	16.13%	1.77%	-7.18%	-9.88%
VSSL	68 Neutral	25.89B	25.20	11.67%	1.12%	6.99%	-12.58%
JAYNECOIND	63 Neutral	66.98B	28.22	4.74%	―	5.16%	57.51%
SUNFLAG	61 Neutral	46.39B	23.57	1.85%	0.29%	3.63%	35.18%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Maithan Alloys Ltd. Corporate Events

Maithan Alloys Ltd. Releases Q2 2025 Financial Results

Maithan Alloys Ltd. announced the publication of its standalone and consolidated un-audited financial results for the quarter ending June 30, 2025. The results were published in compliance with regulatory requirements in both English and Bengali newspapers. This announcement is significant for stakeholders as it reflects the company’s financial performance and adherence to disclosure regulations.

Maithan Alloys Acquires Stake in GAIL (India) Ltd.

Maithan Alloys Limited has announced the acquisition of equity shares in GAIL (India) Ltd., a major player in the gas transmission and marketing industry. The acquisition, completed through a stock exchange transaction, involves a 0.01% stake in GAIL, amounting to 900,000 shares at a total cost of Rs 17.12 crore. This strategic investment is part of Maithan Alloys’ broader investment strategy to gain long-term and short-term benefits. The company has clarified that it does not intend to acquire control over GAIL’s management.